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Dollar vs Property,

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   Imtiaz Hassan Khan
Sunday, November 4, 2018 05:47 AM 
Reply: >
Dear Members
As compared to the property, do you think investing in dollar is a better option in short to medium term? Is rupee likely to depreciate further in the next one year and if yes then how much depreciation can occur? Please share your valuable thoughts
investor replied on Sunday, November 4, 2018 07:19 AM 

If things continue like this, its clear there will be no rise in property in the next one year, however the dollar can go to 160. Historically dollars doubles every 10 years so if it was 80 in 2008 it should be around 160 by now. Here are dollar prices for the last 70 years




1968 - 5

Habib replied on Sunday, November 4, 2018 08:40 AM 

If Dollar was 2008 in 80 then till 2017 it was 105, Lets Hope Rupee Recover, in 2008 it recovered 7,8 % vs Dollar, even it reversed 5% when Imran Khan took charge, However Due to Constant negative propaganda of economy by IK and His team it Slid again. Now After Saudi Aid Pakistan stock Market have gained about 15%. Still it is 25% Less than the 2015 peak But can Catch Up, If Current Govt and its team start behaving responsibly Dollar can be pushed down to 120. Too much weeping of Negative facts does not do any thing productive.
In short I don't feel that Dollar will be 160 end of this year,
Nomi replied on Sunday, November 4, 2018 09:11 AM 

Property prices and rents in developed societies have been increasing throughout the last 5 years. The issues are with new societies w which are in development passes
Thinker replied on Sunday, November 4, 2018 10:17 AM 

The increase in dollar is not linear. For eg it was 61 from 2001 till 2007 and jumped to 83 in 2008. There has been no increase in developed societies in the last two years.
Habib replied on Sunday, November 4, 2018 10:36 AM 

@ Thinker, Property Prices are rising in Non DHA areas, for Example in Valencia the average Location plot is 160+ where as it was 130 exactly 2 years back, Model Town Land on Demolished Big Houses is being sold 20+ Lac per Merle Yes Only in DHA especially Prism the Price gain is static if You take into account 25% Currency devaluation in last 2 years then Loss is About 20 percent. In DHA Town prices have gained about 50% in 2 years 50 Lac Plot is 75 lac Now,
Point is there no rain in all areas,
DHA 9 Prism, Phase 7 and Ivy Green are Best Buys these days, as was DHA Town 2 years Back
Visitor replied on Sunday, November 4, 2018 10:52 AM 

Nice to see Mr. Habib's comments in this post after long time. his valuable comments always help us to understand the property market.
Helping Hands replied on Sunday, November 4, 2018 02:44 PM 

Brother these days property is very slow and in slow property always invest in developed societies that will gain much more than under develop society.Look @ 9 town and dha phase 6 gain a lot as compare to prism.Look at walda town gained much more than Bahria orchard or other societies even Bahria Town also stagnant from last few years.
Best thing in slow market to invest in developed society where population is more than 30%.
Critical Thinker replied on Monday, November 5, 2018 04:59 AM 

As Pakistan is going to IMF for another loan, IMF will definitely put the strict condition of depreciating the currency further against USD and also increase the interest rates. 150 to 160 USD to PKR seems quite realistic in next 6 months
Khan88 replied on Monday, November 5, 2018 08:14 AM 

@Habib: Sir really appreciate and respect your knowledge in property but where it comes to dollar/other markets, your knowledge seems to be sup-par.

Rumors are per the IMF negotiation, they want dollar to be at 135 immediately and 145 until June 2018, another thing they want is to SBP to raise interest rate to up to 14%. if both of these happen, property market is dead for good two years. I expect it to be dead for another year anyway.
Khan88 replied on Monday, November 5, 2018 08:14 AM 

Correction June 2019*
Nazir replied on Monday, November 5, 2018 08:20 AM 

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@Habib; Sir, due to your long absence in this forum, I presumed that Real estate investment is No More.
However, as you have started educating and contributing, is still investment in real estate worth? If yest, kindly advise brotherly, where to to invest 10M rupees. By the way, I have not done any investment anywhere in last 2 years. Thanks and regards
thinker replied on Monday, November 5, 2018 08:51 AM 

agreed with Khan 88. Interest rates have to above inflation rate by 3 to 4 %. Inflation will touch 10% in two months. Interest rates would go to 13% or 14%. People are emotional as they are invested in property so they think it will go up.
Nazir replied on Thursday, November 8, 2018 10:56 AM 

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@Habibi sahab, You have not responded to my query "whether, still it is worth to invest in property when everywhere negativity is there about this sector and top of that all Govt regulations affecting negatively to this sect. Kindly respond. Other experts are also requested to give answer to my this query. Best regards
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